Saturday, December 13, 2008

UAW speaks...and it's nothing worth listening too

So the UAW president has "lashed out" against the lawmakers for scuttling the bailout. This guy is a piece of work. In the article he is quoted as saying that lawmakers are trying to "pierce the heart of organized labor." POPPYCOCK I say and for good reason. If he wanted to help his union members he would have come to the table and tried to work out some concessions. In the end of the day, it is the responsibility of both the company and the union employees to ensure the financial well being of the host company. Which to this point has not happened (at least that we are aware of) and instead they have been praying for the government to bail them out. Who the hell do they think they are?! That is MY money they are playing with! They don't understand what this bailout could mean to them. There is a very high likelyhood that they will lose some control and some leverage should the bailout get passed. 

They blame lawmakers for what is nearly entirely or entirely their own fault. I might have said this before, but I will say it again about an article I read for a class saying that $7000 of every new F-150 that was sold went to pensions. Let that sink in a bit - the number one selling full size pickup truck in the united states - has a pension cost HIGHER than that of all the steel used to BUILD IT.

So how do you recover from that? You either go bankrupt and really put the unions balls in a vice, which is why they are lashing out now you know...because pencil-dick UAW president has been so confident that they wouldn't have to worry.  Well, now he is worrying and disappointed in his lobbiests.

The BIG THREE had some nerve approaching congress for a bail-out to begin with...UAW has some balls for lashing out when it failed. I think they all need to get together and work out some concessions. All FOUR of them are responsible for what is happening...the bubble has burst. Time for THEM to sort this mess out.

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